HSBC Holdings plc (NYSE:HSBC) has a beta value of 0.65 and has seen 1,229,056 shares traded in the recent trading session. The company, currently valued at $126.44 Billion, closed the recent trade at $30.62 per share which meant it lost -$0.6 on the day or -1.91% during that session. The HSBC stock price is -4.18% off its 52-week high price of $31.9 and 41.38% above the 52-week low of $17.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.1 Million shares traded. The 3-month trading volume is 2.11 Million shares.
The consensus among analysts is that HSBC Holdings plc (HSBC) is a Hold stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 4 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.
HSBC Holdings plc (NYSE:HSBC) trade information
Despite being -1.91% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the HSBC stock price touched $31.90- or saw a rise of 3.92%. Year-to-date, HSBC Holdings plc shares have moved 18.29%, while the 5-day performance has seen it change 4.5%. Over the past 30 days, the shares of HSBC Holdings plc (NYSE:HSBC) have changed 4.75%. Short interest in the company has seen 9.67 Million shares shorted with days to cover at 4.58.
Wall Street analysts have a consensus price target for the stock at $32.93, which means that the shares’ value could jump 7.54% from the levels at last check today. The projected low price target is $32.93 while the price target rests at a high of $32.93. In that case, then, we find that the latest price level in today’s session is +7.54% off the targeted high while a plunge would see the stock lose 7.54% from the levels at last check today.
HSBC Holdings plc (HSBC) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -21.5% over the past 5 years. Earnings growth for 2021 is a modest -34.7%.
HSBC Holdings plc is expected to release its next earnings report in June, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.75 at a share yield of 2.4%.
HSBC Holdings plc (NYSE:HSBC)’s Major holders
Insiders own 0% of the company shares, while shares held by institutions stand at 1.39% with a share float percentage of 1.39%. Investors are also buoyed by the number of investors in a company, with HSBC Holdings plc having a total of 318 institutions that hold shares in the company. The top two institutional holders are Dimensional Fund Advisors LP with over 9.81 Million shares worth more than $254.29 Million. As of December 30, 2020, Dimensional Fund Advisors LP held 0.24% of shares outstanding.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 7.67 Million shares as of December 30, 2020. The firm’s total holdings are worth over $198.69 Million and represent 0.19% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are DFA International Core Equity Portfolio and DFA International Value Series. As of January 30, 2021, the former fund manager holds about 0.08% shares in the company for having 3144261 shares of worth $82.22 Million while later fund manager owns 2.59 Million shares of worth $67.74 Million as of January 30, 2021, which makes it owner of about 0.06% of company’s outstanding stock.